Profits soared last year, but investors worry about sales this year, pushing Sun Hung Kai Properties shares down by 25%.

Profits soared last year, but investors worry about sales this year, pushing Sun Hung Kai Properties shares down by 25%. Company is heavily exposed to changes in policy and prices in China, where it has 86 million square feet in its land reserve, nearly double what it has in Hong Kong. Brothers Raymond (left) and Thomas (right) named cochairmen in September, replacing their mother, Kwong Siu-hing, who still has a say over the family's holdings. Eldest brother Walter remains a nonexecutive director.

Methodology:
Unlike our billionaire rankings, our Hong Kong list includes fortunes that are shared among extended families. For that reason we have combined the wealth of Li and Fung siblings William and Victor Fung this year. The list was compiled using shareholding and financial information obtained from the families and individuals, stock exchanges and analysts. Stock prices and exchange rates were locked in on Dec. 17. Private companies were valued based on comparisons with prevailing earnings or other financial ratios.
Photo: ImagineChina